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TOPIC: how long do you pay advances?

how long do you pay advances? 08 Jul 2009 08:48 #31829

  • Mike
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I am flabbergasted to hear that some theatres are paying advances after 5 years! Is that true? Is your payment on schedule? Is there other reasons? 1/2 the distribs I deal with have zero problema nd the others are "one year max". And all based on how well you report and pay.
Michael Hurley
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Re:how long do you pay advances? 08 Jul 2009 10:58 #31830

  • slapintheface
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I am only asked for advances on CLASSIC FILMS.
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Re:how long do you pay advances? 08 Jul 2009 11:09 #31831

  • dsschoenborn
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My new theatre was set up as a different company and we are paying those special film companies their advances. We will be at a year mark here soon so I expect to stop this nonsense. The POS system reports our numbers daily and we email the boxoffice reports almost weekly so we do good reporting ( they loose 25% of them still and we have to resend them months later because it takes them that long to actually look I guess )

**The film companies you would expect to ask for advances are not the ones who require it.
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Re:how long do you pay advances? 08 Jul 2009 15:28 #31836

  • rodeojack
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Prompt reporting & payments, no bad checks, one year tops.

Having a booker that the studios are comfortable with doesn't hurt.
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Re:how long do you pay advances? 08 Jul 2009 15:57 #31837

  • revrobor
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When I was managing a theatre in NE Iowa (which had been in existence for 3 years) I had only one company that asked for advances (and I can't remember who it was). But I also had an excellent booker that the companies were comfortable with
Bob Allen
The Old Showman
Last Edit: 08 Jul 2009 16:02 by revrobor.
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Re:how long do you pay advances? 08 Jul 2009 19:33 #31838

  • rj venture
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Is this the same for second run movies?
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Re:how long do you pay advances? 09 Jul 2009 13:24 #31845

  • rodeojack
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rj venture wrote:
Is this the same for second run movies?


Yep... money is money with those guys. If anything, they may be a little tougher on 2nd run houses, since many people enter the business at that level.
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Re:how long do you pay advances? 10 Jul 2009 16:12 #31850

  • Mike
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It is all over the board: Fox no advance while Sony asks for 5000. I always beat them back and down. The classics/rep stuff: they want the money paid up front but it's 250.00 so who cares. I see this as a 2 part thing: 1 is you have to report and pay on time and for the first year you beat them down as much as you can. After that advances are an insult and require fighting back.
Michael Hurley
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